“The market here is strong for three main reasons — low interest rates, tight supply and buyers seeing Frankston as the place to buy being close to the water,” Mr Foster said.

36 Coogee Ave, Frankston, is on a large 825sq m block in a coveted location.

O’Brien Frankston director Andrew Milne said several of its recent Frankston sales had achieved excellent results and this should continue till auctions ended on the weekend of December 17.

Among the homes on auction that have attracted plenty of buyer interest are a three-bedroom, two-bathroom house at 40 Bayview Rd, Frankston, with an asking price above $550,000.

“This property with a central location near schools and amenities should do very well. It has a good block size and a buyer could add value to it and it has subdivision potential,” Mr Foster said.

Also holding appeal to buyers is 36 Coogee Ave, Frankston South, which has four bedrooms and a position in the sought-after Frankston High school zone. It sits on a large 825sq m block and has a price guide above $510,000.

“We are confident all five properties will get excellent results due to the strong demand,” added Mr Foster.

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